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PANews reported that BlackRock transferred approximately 483000000 USD worth of BTC and ETH to Coinbase, but it has not yet been confirmed whether they will be sold.
BlackRock transfers approximately 483000000 USD worth of BTC and ETH to Coinbase
PANews November 9: According to Onchain Lens, BlackRock transferred 5,320 BTC and 40,720 ETH to Coinbase, with a total value of approximately 483000000 USD. Of this, the BTC was valued at approximately 396000000 USD, and the ETH at approximately 86170000 USD.
Source: https://www.panewslab.com/zh/articles/01a1c059-e244-7198-952f-5e79fc312c8e
PANews, citing Onchain Lens, reported that BlackRock transferred 5,320 BTC and 40,720 ETH to Coinbase.
The total transfer value is approximately 483000000 USD, of which BTC is approximately 396000000 USD and ETH is approximately 86170000 USD.
The evidence does not provide on-chain transaction hashes or direct confirmation from BlackRock or Coinbase.
The following is analysis, separate from reported facts. Verify important claims independently.
This is a large transfer of BTC and ETH from BlackRock to Coinbase. Transfers to an exchange may draw market attention to potential selling pressure, but the transfer itself does not equate to a sale.
The amount is relatively large and may affect market expectations; at present, it is not possible to confirm the use of the assets or whether a sale has occurred.
When you see assets transferred into an exchange, do not directly interpret it as a sale; you also need to check subsequent on-chain movements and official statements.
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